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. nicole. >>> in the united states, 25 people have been killed in a blast in west virginia. four people are still unaccounted for and rescue operations have been halted. the blast happened monday afternoon at the upper branch mine. the cause is unknown, but the mine has a history of violations for not properly ventilating highly combustible gas. massey fell more than 5% in after hours trading. >>> the finance chairman will be watching china's currency practices closely in the next week to decide on what legislation congress should pass on the issue. saturday, treshgry secretary timothy geithner delayed that decision on whether or not to actually delay their call on china, manipulating its currency. but baucus is concerned that that decision basically repeats the same failed approach to u.s.-china economic policy. >>> and a big congratulations to the men's university men's basketball team. they held on to beat the butler bulldogs, 61-59 monday night. duke coach mike khechevski led the team. new other than of the new york mets wants to payed 15 million to leave the nets, but coach k says,
to students at west virginia university. and at 1:45 p.m., richard fisher talks about financial reform in new york. the u.s. weekly inventory data is out at 10:30 in the morning. a dow jones survey is forecast to rise by 1.1 million barrels, gasoline to drop by 700,000 barrels and distillates to increase by 600,000 barrels, as well. president obama will hold a meeting on financial reform today. senator chris dodd's bill is set to go to the full senate floor for debate later this month. steve. >> european markets are trading mildly higher at the moment. ubs and switzerland is too much of a catalyst there. let's get some updates on these markets. market by market, first of all, we're joined by anna would is going to take a look at the ftse. anna, the miners were dragging us lower today. are they say they moving us higher today? >> they are, steve. we're watching this one, of course, because it's you guys in asia have been reporting, we have heard that new hope has increased its bit for the cost of coal over in the australian market and that means the markets are starting to speculate, again, as
. >>> northrop grumman has picked up northern virginia as the site of its new headquarters as they move from los angeles. northrop ruled out competing offers from washington, d.c. and the state of maryland. the company is in talks with several building owners near the pentagon. northrop is the biggest industrial employer in washington with about 40,000 people. in frankfurt, northrop is trading slightly lower, about 0.14%. >>> police in california have seized computers and other devices from the home of this blogger who showed off apple's new iphone. gizmoto.com says authorities raided jason chen's home on friday. last week, chen published phone toes of the next generation iphone mistakenly left behind in a bar. the parent company later admitted payinged 5,000 to get the phone. he returned the phone to apple but claims california law protects journalists and bloggers for that matter from having to turn over their sources of unpublished materials, ross, to police. >> banks are very much in focus here in europe, nicole. germany's biggest bank said the bulk of those profits came from securities. the
about, virginia, it's brian shactman in the u.s. let's expand and build on that because i think sylvia really hit on an important question. for the average investor, when they hear words like crisis, lehman, bear stearns, those are rattling because they bring back memories or what it did to the marketplace. so for the average investor, i mean, how seriously should they view that when they look at the stability of markets and trying to put new money to work? >> i think you still have, as we've discussed, very loose monetary policies. and i think if one can have a medium term summarizing, using the volatility that we're seeing to accumulate strong quality names, growth companies over the medium term is really the way to look about it. if you look at companies like british gas, for example, in the uk we see very strong prospects. even companies in china like ctrip, which is a big player on to the traveling -- online traveling and hotel, you have the shanghai world export coming where we're expecting over 6/00,000 people a day. i mean, you have fantastic buying opportunity. within europe,
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